13F filing recap · Q2 2016

What did Causeway Capital Management buy in Q2 2016?

Reported stock-position changes between this filing and the previous one. US-listed stocks across every Causeway account, including accounts that belong to no fund below.

Stock value

$4.70B

Positions

Estimated turnover

38.9%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

BIDUBaidu, Inc.$453.93Mreported value+2.75M shares BIIBBiogen Inc.$135.20Mreported value+489.3K shares PDCEPdc Energy, Inc.$110.91Mreported value+1.69M shares HALHalliburton Company$90.04Mreported value+1.74M shares PUKPrudential Plc$12.03Mreported value+353.7K shares PKXPosco Holdings Inc.$9.94Mreported value+223.3K shares GLINVaneck ETF Trust$288.0Kreported value+6.8K shares

Increased positions

CCitigroup Inc$261.07Mreported value+274.5K shares+5.4%ORCLOracle Corporation$246.79Mreported value+373.3K shares+7.6%MSFTMicrosoft Corporation$240.01Mreported value+276.8K shares+7.2%LLYEli Lilly & Co$201.51Mreported value+609.3K shares

Reduced positions

EMCEmc Corp$189.90Mreported value-121.5K shares-2.0%UNHUnitedHealth Group Incorporated$155.92Mreported value-134.8K shares-12.3%TSMTaiwan Semiconductor Manufacturing$152.44Mreported value-16.6K shares-0.3%JNJJohnson & Johnson$109.40Mreported value-577.1K shares

Exited positions

CVXChevron Corp$143.15Mprior reported value-1.29M shares-100.0%RYAAYRyanair Holdings Plc$131.41Mprior reported value-1.53M shares-100.0%HSBCHSBC Holdings Plc$6.77Mprior reported value-203.2K shares-100.0%NOVNov Inc.$3.49Mprior reported value-112.1K shares